Bitmain, the Chinese crypto miner maker, looks like it has reached an interesting point in its pathway to going public. There’s been little heard since the company filed to go public in Hong Kong in September, but now it appears that a new CEO has been hired and its two founders are leaving. That’s according […]
View More Crypto mining giant Bitmain is reportedly getting a new CEO as its IPO plan stallsCategory: Bitmain
As Bitcoin sinks, industry startups are forced to cut back
Bitmain, Huobi, ConsenSys and Steemit are among the cryptocurrency startups to complete layoffs in the last month.
View More As Bitcoin sinks, industry startups are forced to cut backAfter losing half its value, Nvidia faces reckoning
Nvidia is a company that has reached the highest highs and the lowest lows, all in the span of a couple of weeks. TechCrunch is experimenting with new content forms. This is a rough draft of something new – provide your feedback directly to the author (Danny at danny@techcrunch.com) if you like or hate something […]
View More After losing half its value, Nvidia faces reckoningWTF is happening to crypto?
Four days ago the crypto markets were crashing hard. Now they’re crashing harder. Bitcoin, which hasn’t fallen past $6,000 for months, has dumped to $4,413.99 as of this morning, and nearly everything else is falling in unison. Ethereum, flying high at $700 a few months ago, is at $140. Coinbase, that bastion of crypto stability, […]
View More WTF is happening to crypto?SoftBank pays big, SurveyMonkey goes public and JUUL’s next step
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week on Equity, the gang was back together. We had the ever-excellent Connie Loizos on hand, along with TechCrunch’s Danny Crichton, and myself, on loan from Crunchbase News. Even better we had Iris Choi on the show. […]
View More SoftBank pays big, SurveyMonkey goes public and JUUL’s next stepBitmain IPO concerns: the crypto giant recorded a big loss in Q2 2018
Bitmain’s IPO is the big news in the crypto world this week. The company just filed its IPO prospectus and the numbers are impressive, particularly the year-on-year growth between the first six months of 2018 and a year prior, which saw a near-10x jump in revenue and 7x growth in profit. Nevertheless, that aggregated six-month number may be […]
View More Bitmain IPO concerns: the crypto giant recorded a big loss in Q2 2018Crypto mining giant Bitmain reveals heady growth as it files for IPO
After months of speculation, Bitmain — the world’s largest provider of crypto miners — has opened the inner details of its business after it submitted its IPO prospectus with the Stock Exchange of Hong Kong. And some of the growth numbers are insane. The document doesn’t specify how much five-year-old Bitmain is aiming to raise from […]
View More Crypto mining giant Bitmain reveals heady growth as it files for IPOChina is beating the US on AI, says noted investor Kai-Fu Lee
America may have created AI, but China is taking the ball and running when it comes to one of the world’s most pivotal technology innovations. That’s according to Kai-Fu Lee, a world-renowned AI expert who founded Sinovation, a China-U.S. fund that raised its fourth fund worth $1 billion earlier this year. Speaking at TechCrunch Disrupt […]
View More China is beating the US on AI, says noted investor Kai-Fu LeeCrypto mining giant Bitmain on target for $10B revenue this year
During a gold rush, Silicon Valley’s line is to always invest in picks and shovels instead of mining. Sometimes it pays just to do both. TechCrunch has learned through a company fundraise overview that Beijing-based mining equipment seller Bitmain hit a quarterly revenue of approximately $2 billion in Q1 of this year. Despite a slump […]
View More Crypto mining giant Bitmain on target for $10B revenue this year